Intermap and Twinn by Royal HaskoningDHV Transform Climate Change Insurance

Enhanced data and analytics enable insurers to improve natural peril risk management around the world

DENVER, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced a new collaboration with its partner, Twinn by Royal HaskoningDHV, to offer the global insurance industry enhanced, comprehensive flood, natural hazard and climate change data.

Intermap is a trusted provider of flood hazard maps and analytics in the United States, Central and Eastern Europe and Southeast Asia. This collaboration augments both companies’ spatial intelligence capabilities and transforms risk assessment services, enabling insurers to make informed decisions, diversify portfolios and better manage natural hazard risks worldwide. Expanded capabilities beyond flood risk include other natural perils such as extratropical storms, lightning, hail, tornado, wildfire, surge flood, earthquake hazards and volcano hazards. It also includes climate change-based hazard analytics, including sea level rise, drought stress, heat stress, precipitation stress, fire weather and tropical cyclone.

The Global Risk Analytics market size is estimated at US$39.3 billion in 2022 and expected to grow to US$70.5 billion by 2027 with a CAGR of 12.4% (Source). Intermap’s partnership with Twinn by Royal HaskoningDHV expands its dataset offerings in its risk analytics applications, InsitePro and Aquarius RMA, enabling the Company to provide natural hazard and climate risk analytics on a global scale, extending market reach beyond its core U.S. and CEE customers.

“As the world faces more frequent or severe climate change related weather events like flooding, droughts and storms, organizations are seeking innovative approaches to risk management,” said Mark Nunns, Twinn Head of Commercial, Financial Services. “Leveraging our extensive climate risk modelling expertise, we’re enhancing our combined data and analytics to bring new capabilities to financial services firms. We are committed to growing our partnership, to deliver a market leading, high-resolution, current and future day climate dataset, along with providing a trusted source for all physical climate risk datasets.”